Market's view on Zanaga Iron
Published on April 2024
- There's a reminder of an upcoming loan maturity for ZIOC with Glencore later this month.
- Discussions highlight ZIOC's need to disclose what actions are being taken regarding the maturing GLEN loan.
- A Stock watcher expresses belief in Zanaga's potential, anticipating a significant return on investment, expecting at least 10x in the short term and up to 50x later.
- It is noted that low-impurity/high Fe ore is crucial for 'green' ore, which is what ZIOC possesses.
- The disbelief in Zanaga's project and resulting market failure is considered surprising given Glencore's involvement, suggesting a significant undervaluation.
- There's an expectation set for ZIOC to report progress on various fronts by the end of Q1.